What the loan actually costs to pay back
Generic EMI calculators get student loans wrong because they ignore the moratorium. The years you are studying, when you are not repaying principal but interest is still running. That single choice changes the total by lakhs.
How much are you borrowing?
NPR 40 lakh
Interest rate
11.00% a year
Ask your bank for the actual figure in writing, quoted rates move.
Repayment period
10 years
Counted from the end of the moratorium, not from today.
Moratorium
30 months
Course length plus the grace period before repayment starts.
During your course
This is the choice that matters most.
Your sponsor’s yearly income
Optional. It checks whether the repayment is plausible against what the family earns.
Rather not say
While you are still studying
Added to your loan, and then charged interest itself for the whole repayment period.
More than you borrowed, because the interest joined the principal.
The loan is only half the question
An officer will ask what this loan is for, what secures it, and how it gets repaid. A student who cannot answer that in their own words loses the application however good the numbers are.
Nepali banks have commonly quoted education loans in the region of 10 to 13 per cent, secured against property. Your actual rate depends on the bank, the collateral and the relationship, ask for it in writing. This calculator is for planning only. The bank's own sanction letter is the figure that counts.